For Sale: Minneapolis MLS# 6600428
Active Contingent
$749,900
Multi-family: Four Plex
Built 1911
3,588 sqft • 0.21 acres
Minneapolis schools
MLS# 6600428
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Rarely available South Minneapolis fourplex directly on Powderhorn Park, offering unbeatable setting, top-performing rents, and exceptional flexibility for investors or owner-occupants alike. This historic gem had only two owners in 111 years, and is lovingly maintained and thoughtfully updated for the next century of ownership.
Separate utilities for each unit protect your bottom line from fluctuations in energy prices, and a master key system keeps property management simple.
Each of the four spacious apartments includes 2 bedrooms, 1 bath, and a highly sought-after garage stall. Two of the four units have been artfully remodeled with added dishwasher & built-in microwave.
The property also includes a remarkable carriage-house-style garage, built around 2002, that sets this fourplex apart. The main level functions beautifully as a workshop, studio, or hobby space, while the massive loft above offers endless potential — whether for storage, an art or yoga studio, or even future living or office space (check with the city for possibilities). This structure sits on its own wide stretch of south facing yard, giving the carriage house an independent appearance or a more open, spacious feel to the property overall, uncommon in this neighborhood.
Major updates include:
* All 3 exterior cement staircases fully demolished and freshly rebuilt and poured by professional cement contractor (2025)
* Updated landscaping and all new grading around foundation (2025)
* New rubber roof and one garage roof (2019)
* All new windows (2010)
* Unit 2 remodeled (Spring 2025)
* Unit 3 remodeled (2022)
* Newer appliances (2022) and interior updates throughout
With nearly $80, 000 in annual gross income ($78, 900/yr) and room to increase rents, this is a solid performer in one of Minneapolis’s most vibrant neighborhoods. Two month-to-month units make it ideal for a buyer seeking to owner-occupy one or more apartments while collecting income from the rest.
Powderhorn Park itself is a beloved community hub and cherished, enormous green space — the setting of the annual May Day Parade and numerous cultural events and festivals throughout the year. Residents enjoy walking paths, a community center, playground, wading pool, and year-round lake activities like kayaking and ice skating.
This is not your typical South Minneapolis fourplex — it’s a legacy property with soul, flexibility, and income. Whether you envision communal living, multi-generational housing, or simply a smart long-term investment, this fourplex on the park is a rare and beautiful opportunity.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$749,900
Price per sq ft:
$209
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
4
County:
Hennepin
Year Built:
1911
State:
MN
Property Style:
Four Plex
Zip Code:
55407
Neighborhood/Area:
Powderhorn Park
Subdivision Name:
Bloomington Ave Add
Interior
Finished Area:
3,588 ft2
Living Area:
3,588 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Block
- Daylight/Lookout Windows
- Full
- Shared Access
- Storage/Locker
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
4
Garage Dimensions:
Multiple
Garage Door Height:
0
Garage Door Width:
0
Foundation Size:
1,794 ft2
Foundation Dimensions:
39 x 46
Fencing:
Chain Link, Full, Privacy, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
- Radiator(s)
Parking Features:
- Assigned
- Concrete
- Detached
- Electric
- Multiple Garages
- Storage
Shared Amenities:
- Laundry
- Patio
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
- Age 8 Years or Less
- Flat
- Rubber
Lot & Land
Acres:
0.21
Geolocation:
44.941038, -93.253368
Lot Dimensions:
75 x 123
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$723
Annual Fuel Expense:
$899
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$3,696
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$8,780
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,780
Income
Annual Gross Income:
$78,900
Misc. Annual Income:
None
Misc. Monthly Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Realty Integrity Lakes.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.